Some Large Employers Reject Trump’s Payroll-Tax Deferral Plan »

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Some of the nation’s largest employers—together with CVS Health Corp., Wells Fargo & Co. and the U.S. Postal Service—say they gained’t implement President Trump’s payroll-tax deferral plan, opting to depart worker paychecks alone this fall.

The president’s plan lets employers cease withholding the 6.2% Social Security tax now for many employees and requires them to pay it again early subsequent 12 months via further paycheck withholding. Mr. Trump needs Congress to forgive these deferred taxes, however with none assurance of that occuring,…

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